A.I.dvisor indicates that over the last year, CDNS has been closely correlated with SNPS. These tickers have moved in lockstep 87% of the time. This A.I.-generated data suggests there is a high statistical probability that if CDNS jumps, then SNPS could also see price increases.
Ticker / NAME | Correlation To CDNS | 1D Price Change % | ||
---|---|---|---|---|
CDNS | 100% | +2.16% | ||
SNPS - CDNS | 87% Closely correlated | +0.93% | ||
PDFS - CDNS | 62% Loosely correlated | +1.55% | ||
MSFT - CDNS | 61% Loosely correlated | +0.99% | ||
ADSK - CDNS | 55% Loosely correlated | +0.98% | ||
PTC - CDNS | 55% Loosely correlated | -0.16% | ||
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